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I was mostly drawn to it because I could trade after work since it's open all the time. But most of the Forex sites I have seen seemed pretty scammy. How do stock index futures compare with stocks?

50:1 leverage? How much starting capital does one need to trade with you? If I start with $20k and lose $1 on my first trade so I'm at $19,999, am I kicked out? :) And how does the PDT rule apply? With only $20k you can't make more than 4 round trips in a week right?

25 pip spreads wtf? More noob questions: What are stock index futures and how do they differ from stocks? Is trading them basically the same as trading stocks with regard to chart patterns and TA? How do commissions and taxes on stock index futures work? what is the minimum $ to entry...

I am a complete noob to Forex but not to trading stocks. I've flipped through a couple books on Forex at the store but they all sucked. They were all about chart patterns and whatever and not actually about how Forex works. I want some info about how Forex works. Is the trading just like...

lol no one here must actually have a margin account :D

It eliminates the three day settlement rule, right?

I did get the live feed. It matches my Scottrader quotes exactly. I was just wondering why people would register the program... like if it was to get a live feed for someone who doesn't have a real brokerage account. Thanks very much for the input in this thread!

I like QT so far. I want real-time quotes because I want to make an occasional day-trade. Last Friday I did this, making my first day trade, and lost $32 (after comission) on AMR. :eek: :D Since I'm not a "pattern daytrader" I know I can only do this 4 times in a 5 day period, but since...

Sorry if this is the wrong forum. So I'm gonna sign a margin agreement with Scottrade, but I'm looking it over, and I have a few questions. What exactly does that mean? Does that mean I need to keep in my account at least 50% of the market value? So if I short $10k worth of a stock I have...

It looks like I can't actually place trades with Scottrade through QT (it's not one of the account choices). So I think I will have to log into Scottrade manually and place the order there while using QT as my charting software. I'm gonna run the charts side by side and see if the match...

Alright, I'm downloading QT (haha, "cutie"). I feel a bit weird logging into Scottrade from another platform... is that safe and secure? So I guss I place my orders through QT and they're routed to Scottrade's servers? edit - I like it so far but it's not the most intuitive software...

I use stockcharts.com for planning swing and long term trades, too :)

Cool. I just emailed the customer service guy. All I want are some charts with more than SMA and volume, and I don't want to pay for them. Is that too much to ask? :D Do I just download QT and then run it while logged into my Scottrade account? I still place orders through the Scottrade...

Are you sure? It wasn't listed on their page, their FAQ, or on their message board.

I like Scottrade because of no annual fees, no inactivity fees, and no fees to close my account or request a check. Does IB do that? I also know that IB has the best comissions for daytraders, but what about if you don't trade that often?

I don't have $25k in my account, so I can't access ScottradeELITE. All I have access to is the Scottrader Streaming Quotes trading package and their charts only give you Volume and SMA. To confirm this, I just emailed them the following, and got this reply: My email: Hi, Are the only...

^ Thank you for that post. Let me read some of those links and then I'll probably have more questions for you...

Resistance of the previous day's close? As for only using candlesticks, I thought I'd read here that all the successful people really only trade off of volume, price, and maybe candle formations, and they don't really use any indicators or anything.

So my second arrow would normally be interpreted by most people as a sell signal?

If you have a friend who always buys tops and sells bottoms, just start doing the opposite of him (short when he buys, cover when he sells) and you'll be rolling in the dough. Of course, you should give him a percentage of your winnings since he is, technically, your advisor. :cool: